Natural catastrophes (Nat Cats)
Lloyd's returns to profit for H1 2012
Lloyd's posted profit of €1.897bn for the first six months of 2012, following a benign first half with no major claims from natural catastrophes.
Lloyd's returns to profit with 'strongest' half-year result in five years
Lloyd's of London is back in the black after posting a profit of £1.53bn during the first half of 2012 compared with a loss of £697m in the same period last year.
Munich Re considers ILS fund
Munich Re may launch a fund to allow investors to buy catastrophe bonds and other insurance linked securities to meet the growing demand for instruments linked to natural disasters.
South Korea hit by second typhoon in a month
Typhoon Sanba made landfall on 17 September just before noon local time in South Gyeongsang Province on the southern coast of South Korea, according to catastrophe modeling firm Air Worldwide.
IUMI: Insurance industry acted responsibly during economic meltdown
The economic crisis will create opportunities for the global insurance and reinsurance market if it can deliver "true resilience", delegates at the International Union of Marine Insurance annual conference have heard.
Asia View from the Top: Getting flood modelling right
The Intergovernmental Panel on Climate Change reported in 2007 that especially heavily populated mega-delta regions in south, east and south-east Asia will be at greatest risk owing to increased flooding from the sea and, in some mega-deltas, flooding…
Top five Asian news stories
The top five Asian stories from www.insuranceinsight.com over the past seven days
Perils AG to provide satellite-based flood footprints
Perils AG, a Zurich-based provider of European catastrophe insurance data, will make satellite-based flood footprints available during and after major flood events, as part of an initiative in collaboration with the insurance industry and the European…
Insured losses from China quakes very low
Two magnitude 5.6 earthquakes that struck southwest China on Friday caused little to no insured losses, according to catastrophe modelling firm Eqecat.
Reinsurance market is united, says Guy Carpenter
Guy Carpenter & Company has praised the reinsurance industry for "coming of age" and finally "converging".
Hannover Re looks forward to Jan renewals
Hannover Re is "looking ahead with confidence" to the 1 January treaty renewals after being upgraded from A to A+ by AM Best.
GAB Robins appoints ex-Cunningham Lindsey adjuster
GAB Robins has recruited Maggie Cowing, pictured, to the newly created position of head of major and complex loss.
Dozens killed as quake strikes southwest China
At least 43 people were killed and 150 injured after a magnitude 5.7 earthquake struck southwest China's Yunnan and Guizhou provinces on Friday, according to China Daily.
Flood losses more than doubled in past 10 years, study finds
Flood losses are increasing at an alarming rate and the insurability of floods provides unique challenges for the industry, according to Swiss Re's latest report.
Weil starts role as Marsh CEO
Mark Weil, pictured, has taken up his role as Marsh chief executive, as previously reported by Post.
Probable maximum loss "a terrible metric", says Air Worldwide founder
PML figures play too great a role in modern catastrophe underwriting, according to modelling expert Karen Clark.
Reinsurers showing resilience under weight of catastrophes
The top 50 global reinsurers' financial positions coming out of 2011 shows the sector's resilience through one of the costliest catastrophe years in history, according to a report by AM Best.
Monte Carlo preview: The calm after the storm
With 2011 rocked by political uprisings and catastrophes, delegates at the Monte Carlo Rendez-vous had much to discuss. However, a year later, with the market beginning to settle, what will be on the agenda?
Asian nations could emulate Caribbean catastrophe pool
A Pan-Asian catastrophe pool could be an effective tool to mitigate the impact of natural disasters on vulnerable nations in the region, according to the Philippines finance secretary.
Malta hit by deluge after thunderstorms
Thunderstorms brought heavy rain and flash flooding to Malta, southern Europe between Sunday, September 2 and Monday, September 3.
Reinsurers to diversify more cautiously after 2011 cat losses
Reinsurers should tread with caution when looking to diversify their operations as increased exposure in natural-catastrophe prone regions could leave them open to large losses, Standard and Poor’s said today.
Tsunami warning after 7.6 magnitude earthquake hits The Philippines
A major earthquake struck off the town of Guiuan in Samar province at 12:47 UTC yesterday.
Insured loss estimates hit $2bn as Hurricane Isaac hits Louisiana a second time
Catastrophe experts have suggested that insured losses from Hurricane Isaac could total $2bn after the tropical storm made a second landfall in the US state of Louisiana.